The China Mail - UN climate summit to run overtime as fury mounts on fossil fuels

USD -
AED 3.672501
AFN 63.493369
ALL 83.065121
AMD 368.061373
ANG 1.790403
AOA 917.503082
ARS 1479.268799
AUD 1.450705
AWG 1.80125
AZN 1.704306
BAM 1.724631
BBD 2.015008
BDT 123.052911
BGN 1.69088
BHD 0.377235
BIF 2981.376318
BMD 1
BND 1.298014
BOB 6.913275
BRL 5.202301
BSD 1.000494
BTN 94.394378
BWP 13.651955
BYN 2.847191
BYR 19600
BZD 2.012169
CAD 1.42401
CDF 2269.000106
CHF 0.813199
CLF 0.023389
CLP 920.249899
CNY 6.7905
CNH 6.80507
COP 3440.62
CRC 455.363127
CUC 1
CUP 26.5
CVE 97.231163
CZK 21.38355
DJF 178.15793
DKK 6.59032
DOP 58.957356
DZD 133.564019
EGP 49.534796
ERN 15
ETB 157.79172
EUR 0.88172
FJD 2.244203
FKP 0.75995
GBP 0.759865
GEL 2.640163
GGP 0.75995
GHS 11.25259
GIP 0.75995
GMD 72.510374
GNF 8766.88653
GTQ 7.632888
GYD 209.329395
HKD 7.840575
HNL 26.770661
HRK 6.645899
HTG 130.762583
HUF 313.477965
IDR 17982
ILS 2.975899
IMP 0.75995
INR 94.38045
IQD 1310.623964
IRR 1375050.000123
ISK 126.960185
JEP 0.75995
JMD 157.684032
JOD 0.708978
JPY 161.850226
KES 129.59298
KGS 87.450161
KHR 4028.922887
KMF 433.999516
KPW 900.00035
KRW 1542.979919
KWD 0.30971
KYD 0.833737
KZT 484.885895
LAK 22235.351175
LBP 89595.167762
LKR 337.175056
LRD 182.081919
LSL 16.568199
LTL 2.95274
LVL 0.60489
LYD 6.424817
MAD 9.418715
MDL 17.758476
MGA 4265.244037
MKD 54.366184
MMK 2099.534862
MNT 3583.823146
MOP 8.07945
MRU 39.739339
MUR 48.190398
MVR 15.449729
MWK 1734.844143
MXN 17.638795
MYR 4.117302
MZN 63.909585
NAD 16.568199
NGN 1379.810012
NIO 36.814468
NOK 9.891199
NPR 151.027498
NZD 1.773553
OMR 0.384501
PAB 1.000485
PEN 3.423701
PGK 4.390498
PHP 61.322498
PKR 278.431272
PLN 3.78022
PYG 6113.48706
QAR 3.646841
RON 4.613097
RSD 103.466046
RUB 75.497985
RWF 1470.217363
SAR 3.75631
SBD 8.051953
SCR 14.057553
SDG 600.000277
SEK 9.75957
SGD 1.297675
SHP 0.746601
SLE 24.792558
SLL 20969.503664
SOS 571.756095
SRD 37.459846
STD 20697.981008
STN 21.604176
SVC 8.754541
SYP 110.532098
SZL 16.56607
THB 33.402522
TJS 9.249239
TMT 3.5
TND 2.970618
TOP 2.40776
TRY 46.51525
TTD 6.795175
TWD 31.850502
TZS 2618.939032
UAH 44.986949
UGX 3701.80946
UYU 40.139678
UZS 12018.0946
VES 620.752985
VND 26320
VUV 119.820737
WST 2.777776
XAF 578.419823
XAG 0.017474
XAU 0.000251
XCD 2.70255
XCG 1.803071
XDR 0.718004
XOF 578.424923
XPF 105.161521
YER 238.625026
ZAR 16.561795
ZMK 9001.203975
ZMW 18.058287
ZWL 321.999592
  • BCC

    2.4450

    80.105

    +3.05%

  • GSK

    1.2300

    52.32

    +2.35%

  • RYCEF

    -0.1600

    18

    -0.89%

  • CMSC

    -0.0050

    22.06

    -0.02%

  • BCE

    -0.0650

    23.135

    -0.28%

  • RIO

    1.0700

    95.1

    +1.13%

  • AZN

    3.0750

    186.095

    +1.65%

  • BTI

    0.8900

    62.28

    +1.43%

  • CMSD

    -0.1400

    21.88

    -0.64%

  • JRI

    0.1050

    12.675

    +0.83%

  • VOD

    0.0350

    13.845

    +0.25%

  • NGG

    1.0750

    83.905

    +1.28%

  • RELX

    0.3700

    31.52

    +1.17%

  • BP

    0.1100

    37.97

    +0.29%

  • RBGPF

    0.0000

    61.3

    0%

UN climate summit to run overtime as fury mounts on fossil fuels
UN climate summit to run overtime as fury mounts on fossil fuels / Photo: © AFP

UN climate summit to run overtime as fury mounts on fossil fuels

UN climate talks in Dubai were set Tuesday to run past a host-imposed deadline for a deal as at-risk nations voiced fury over a proposed compromise that stops short of phasing out fossil fuels.

Text size:

The Emirati president of the COP28 summit has repeatedly pressed the nearly 200 nations to reach an ambitious deal by the official end of talks at 11 am (0700 GMT), in an effort to force decisions.

But after another late night of haggling, there was no sign that the talks were anywhere near completion, with negotiators waiting for a fresh text after wide criticism of a draft released Monday.

"We have time and we are prepared to stay a little longer," German Foreign Minister Annalena Baerbock said.

The team from the Marshall Islands -- which lies on average 2.1 metres (seven feet) above sea level and is threatened with submersion as ice melts -- vowed to stay until the end.

The Pacific archipelago's negotiator, John Silk, said that his country "did not come here to sign our death warrant".

Campaigners had hoped the COP28 summit -- set in a glitzy metropolis built on petrodollars -- would take the historic step of calling for the first time for a global phase-out of fossil fuels, which account for three-quarters of greenhouse gas emissions blamed for the planetary crisis.

But climate decisions must be made by consensus and Saudi Arabia, the world's largest oil exporter, has led opposition to the threat to its financial lifeblood.

The draft put forward by COP28 president Sultan Al Jaber -- himself head of the UAE's national oil company -- only lists a series of options including reductions in fossil fuel production and consumption.

- 'Broken beyond repair' -

Clive Hamilton, a professor at Australia's Charles Sturt University and veteran watcher of climate negotiations, said the "extraordinarily weak draft" showed the influence of the fossil fuel lobby, which showed up at COP28 in record numbers.

"If anything like the current text is adopted, it will show the COP process to be broken beyond repair," he said.

Scientists say the planet has already warmed by 1.2 degrees Celsius (2.2 Fahrenheit) from pre-industrial times and that 2023 -- marked by lethal disasters including wildfires across the world -- has likely been the warmest in 100,000 years.

The 2015 Paris summit endorsed an ambition of checking warming at 1.5 Celsius -- a goal endorsed in the latest draft, but which critics say is virtually impossible without serious efforts to curb oil, gas and coal.

"I don't think anybody here wants to be associated with the failure to live up to this responsibility. Not a lot of people in public life are asked to make life and death choices historically," said US climate envoy John Kerry, who helped negotiate the Paris accord.

"This is a war for survival," he said in a closed-door session which ended at around 2:30 am.

Kerry has supported calls to phase out fossil fuels, even though the United States remains the world's largest oil producer and much of the rival Republican Party adamantly opposes action on climate.

- Revisions expected -

Former US vice president Al Gore, who won the Nobel Peace Prize for his climate advocacy, said that the "obsequious" draft looked as if it had been written by the OPEC oil cartel.

"In order to prevent COP28 from being the most embarrassing and dismal failure in 28 years of international climate negotiations, the final text must include clear language on phasing out fossil fuels," Gore wrote on X, formerly known as Twitter.

Jaber acknowledged Monday there was work to do, and a person familiar with the COP28 presidency's thinking called Monday's text "an opening gambit" that could be built upon.

 

"This is not a menu in a restaurant. We have to do all of these things," Canada's Steven Guilbeault, part of a group of ministers tasked by Jaber to shepherd negotiations, told AFP.

The latest draft deal also includes calls to accelerate zero- and low-emission technologies -- including renewables and nuclear power -- in language similar to a joint statement reached last month by the United States and China, the world's two biggest emitters.

E.Lau--ThChM